HRA Forms

Health and Dental Rate Sheet FY 17

DEFERRED COMPENSATION

The Town offers three Deferred Compensation Plans:

The Commonwealth of Massachusetts 457 Deferred Compensation Plan is administered through the SMART Plan. This plan offers immediate eligibility, convenient payroll deduction with pre-tax dollars and is designed to provide a meaningful supplement to other retirement plans and savings accounts.

The Town also offers ICMA-RC which is a private company. They offer 457 plans as well as ROTH IRA’s. You may also borrow against your retirement account and repay your loan through payroll deductions.

We also offer AXA Advisors which offer a high quality retirement plan which offers a wide selection of investment options and strategies for a variety of investor types, from beginner to the most knowledgeable; easy access to transactions and records; personalized enrollment and education assistance; one-on-one service for transitional employees and pre-retirees provided by the financial professional.

Dental Insurance Forms

LIFE INSURANCE

The Town pays 75% of the premium on the Basic $7,500 term insurance.The employee pays the full premium (based on group rates) for Supplemental and Dependent Life Insurance. The Town’s insurance is for up to five times the employee’s salary with a $130,000 Guaranteed Issue amount for the employee and a $30,000 Guaranteed Issue amount for the employee’s spouse.

Flexible Spending Forms

SECTION 125Under this voluntary plan, implemented December 1, 1991, employees may have their medical and dental premiums as well as any flexible spending account contributions deducted before federal and state income taxes are withheld, resulting in savings for the employee.

The Town of Framingham has partnered with the New England College of Business to offer 25% tuition savings, with continuous enrollment, to employees and their immediate families. NECB has the lowest tuition among all private four-year colleges in New England.

The Town offers College America; a convenient 529 college savings program with significant tax advantages allowing you to choose between 21 funds offered through American Funds enabling you to design your own college savings portfolio.

The Town offers a program through which employees can take advantage of special group rates on Auto, Home, and Renter’s Insurance. Multi-policy discounts are available. Liberty Mutual offers convenient payment plans including EFT, payroll deduction or Direct Billing to your home.COLLEGE

BJ’S WHOLESALE CLUB

During designated enrollment periods, the Town offers discounted membership fees to all employees. The promotional periods will be announced by Human Resources and enrollment will take place in the Human Resources office at the Memorial Building. (This special offer is NOT available online or at BJ’s Wholesale Club locations)

VERIZON WIRELESS

The Town offers employees discounted rates on specified new plan agreements as well as discounted rates to existing customers. Employees receive a 15% discount on plans of $34.99 and above. This benefit also includes great savings on new phones and accessories.

The Town of Framingham has partnered with NutriSavings as part of our Wellness Initiative. This is free to all benefit eligible employees. All you have to do is enroll in the program. Go to https://order.nutrisavings.com/MemberRegistration. All you have to do is sign up, shop, and collect rewards!

GYM BENEFIT

The gym benefit will depend on which health insurance plan you choose. Please see your health insurance plan summary for details.

If you have 10 years or more of service with the Town of Framingham and are at least 55 years of age or have at least 20 years of service with the Town at any age then you are considered vested for Benefits purposes and can maintain some of your benefits (such as medical, dental, and life insurance) for the rest of your life.